Quantitative hedge fund, High-Flyer, built a 100 billion yuan ($13.79 billion) portfolio using artificial intelligence models to make investment decisions, but in 2023 decided to change track to focus on developing the most cutting-edge AI. In a post on its official WeChat account, Hangzhou Huanfang Technology Ltd Co., as the company is officially called, said […]
Read MoreHonda Motor (7267.T), opens new tab said on Wednesday it will boost its investments in three Ohio auto plants by $300 million to have flexibility to build EVs, hybrids and gas-powered vehicles on the same assembly line. The Japanese automaker in 2022 had announced plans to invest $700 million in three plants but is now […]
Read MoreChina pledged to accept the return of undocumented Chinese citizens in the US, after President Donald Trump threatened to hit Colombia with tariffs of up to 50% for refusing to take back deported migrants. “China will receive people who are confirmed as Chinese nationals from the mainland after verification,” Chinese Foreign Ministry spokeswoman Mao Ning […]
Read MoreThe chairman and president of Japan’s Fuji Television resigned Monday, weeks after a celebrity presenter was accused of sexual assault, causing a public relations storm and the mass exit of advertisers. A leading tabloid magazine reported last month that Masahiro Nakai, a J-pop megastar turned TV host, had performed a sexual act without a woman’s […]
Read MoreChina has approved the construction of the world’s largest hydroelectric dam. Through this, Beijing is starting an ambitious project on the eastern side of the Tibetan Plateau that could have a huge impact on neighboring countries. However, China has assured India that it will not seek to benefit itself at the expense of its neighbors. […]
Read MoreThe Republican had a rare diplomatic relationship with the reclusive Kim during his previous administration from 2017 to 2021, not only meeting with him but saying the two “fell in love”. US President Donald Trump will reach out to Kim Jong Un again, he said in an interview aired Thursday, calling the North Korean leader […]
Read MoreThe Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation forecasts, underscoring its confidence that rising wages will keep inflation stable around its 2% target. The decision marks the BOJ’s first rate hike since July last year and comes days after the […]
Read MoreSouth Korea’s prosecutors indicted impeached President Yoon Suk Yeol on Sunday on charges of leading an insurrection with his short-lived imposition of martial law on Dec. 3, Yoon’s lawyers and the main opposition party said. Yoon’s lawyers criticized the indictment as the “worst choice” made by the prosecution service, while the main opposition party welcomed […]
Read MoreDonald Trump threatened to impose tariffs of up to 60 percent on China during the election campaign. After taking office on Monday, he said that a 10 percent tariff could be imposed on all goods imported from China from February 1. But now the US president has changed his tune and said that he will […]
Read MoreNorth Korea conducted a strategic cruise missile test on Saturday, state media KCNA reported on Sunday. The country’s leader Kim Jong Un oversaw the test, according to the report, which described it as a test-fire of an “important weapon system.” The underwater-to-surface strategic cruise missiles travelled 1,500 kilometres and flew between 7,507 and 7,511 seconds […]
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